Yes, we all understand that you’re waiting for prices to drop lower. But let me ask… did you notice that both the AVERAGE and MEDIAN sold prices of homes in Crofton went UP in October 2008? (Crofton Real Estate Update – October 2008)

Do you know that loan limits are going down, effective January 1? This means you will no longer be able to buy a $560,000 home with 3.5% down. The maximum FHA loan amount will be in the $400,000’s in Anne Arundel County.

Do you realize that the glut of bank-owned homes you’re waiting for may not happen, with all this government intervention to prevent foreclosures?

Don’t look back a year from now and ask yourself “Why did I wait too long and miss the Buyer’s Market of 2008?”

There’s a huge inventory of homes for sale – most in excellent condition and priced to sell; many sellers are providing incentives to buyers that we haven’t seen since the early 80’s. It’s an ideal time to buy a home so you’ll have the IRS home-ownership deduction for all of 2009.

Don’t know how much that tax-savings will actually be for you? Contact me for a simple 1–page worksheet for calculating that based on your own financial situation.